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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-10-13T14:39:00
Debt collector EOS Matrix said it will challenge a General Data Protection Regulation (GDPR) penalty levied against it by the Croatian data protection authority (AZOP) after finding the data in question in the case does not match the data in its database.
AZOP announced a penalty of nearly 5.5 million euros (U.S. $5.8 million) against EOS Matrix on Oct. 5 for violating the GDPR regarding the protection and processing of individuals’ personal data. The regulator’s investigation was informed by an anonymous complaint it received in March that EOS Matrix had processed the personal data of a large number of debtors without authorization.
AZOP said it received a USB stick containing more than 180,000 personal data points for individuals with outstanding debts to initial creditors purchased by EOS Matrix. It found the company did not implement sufficient technical protection measures to ensure proper processing and safeguarding of its data, among other alleged violations.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-11-10T15:13:00Z By Kyle Brasseur
Axpo Italia, a producer and trader of renewable energy products, was penalized under the General Data Protection Regulation by the Italian data protection authority for processing inaccurate and outdated personal data of customers.
2023-09-15T17:50:00Z By Jeff Dale
The Irish Data Protection Commission announced a penalty of €345 million (U.S. $368 million) against popular social media company TikTok over alleged violations of the General Data Protection Regulation during a five-month period in 2020.
2023-08-31T16:55:00Z By Kyle Brasseur
Sweden’s data protection authority issued a penalty of 35 million Swedish krona (U.S. $3.2 million) against insurance company Trygg-Hansa for alleged security flaws that made customer insurance information accessible on the internet.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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